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There is a bond which has an annual coupon interest rate of 6 . 0 0 % The bond has a maturity of ( years

There is a bond which has an annual coupon interest rate of
6.00%
The bond has a maturity of (years)
It has a yield to maturity of
6.00%
Assume a typical par value for this corporate bond.
What is the Annual Duration of such a security?
Round your answer to three decimal points (i.e.,1.234)
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